Tanfield Railway Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01223727 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014

FOR

TANFIELD RAILWAY COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Waugh

A Thompson

R Charlton

D Watchman

J M Lennox

SECRETARY:

M K Philips

REGISTERED OFFICE:

Marley Hill Engine Shed

Old Marley Hill

Gateshead

Tyne and Wear

NE16 5ET

REGISTERED NUMBER:

01223727 (England and Wales)

ACCOUNTANTS:

McCready Page Accountants

511 Durham Road

Low Fell

Gateshead

Tyne and Wear

NE9 5EY

FIXED ASSETS

Tangible assets

2

72,649

78,806

CURRENT ASSETS

Stocks

7,000

6,000

Debtors

3,673

13,334

Cash at bank and in hand

97,850

81,353

108,523

100,687

CREDITORS

Amounts falling due within one year

38,858

47,794

NET CURRENT ASSETS

69,665

52,893

TOTAL ASSETS LESS CURRENT LIABILITIES

142,314

131,699

CAPITAL AND RESERVES

Called up share capital

3

44,076

43,036

Share premium

33,393

33,161

Profit and loss account

64,845

55,502

SHAREHOLDERS' FUNDS

142,314

131,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 April 2015 and were signed on its behalf by:

A Thompson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Permanent way

-

10% on cost

Buildings

-

2% on cost

Rolling stock

-

5% on cost

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

177,277

DEPRECIATION

At 1 August 2013

98,471

Charge for year

6,157

At 31 July 2014

104,628

NET BOOK VALUE

At 31 July 2014

72,649

At 31 July 2013

78,806

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/14

31/7/13

value:

£

£

43,036

Ordinary

£1

44,076

43,036

1,040 Ordinary shares of £1 each were allotted as fully paid at a premium of 0.2235 per share during the year.